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See the live Render Token price in USD. Buy Render Token or add it to your Crypto Strategy.

Render Token

RNDR

RNDR to USD Price

$8.80

Render Token Market Cap

$4.56B

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RNDR USD price chart / performance

RNDR USD price chart / performance

Past performanceis not indicative of future results. USD ($) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+6.85%
Return (7D)
+21.12%
Return (1M)
+98.05%
Return (1Y)
+143.43%

My Investment

My Investment

Profit Taken
$0.00
0.00%
You Have:
$0.00
Unrealised P/L
$0.00
0.00%

Render Token (RNDR) History and Overview

Render Token (RNDR) History and Overview

Render (RNDR) is a decentralized peer-to-peer network that leverages the underutilized graphics processing units (GPUs) of its users to provide digital rendering services. This innovative platform addresses the inefficiency in the GPU market by allowing users with idle computing power to rent it out to those in need of additional resources for tasks such as video processing, gaming, NFT creation, or metaverse development. Similar to how Storj operates with digital storage, Render utilizes blockchain technology to distribute processing power instead of storage space. The live Render Token to USD conversion is $ 8.84.

Founded in 2017 by Jules Urbach, who also established the cloud graphics company OTOY, Render was initially built on the Ethereum blockchain. OTOY, known for its contributions to movie making, video game development, and virtual reality, has been instrumental in running Render. The platform aims to democratize and decentralize the process of building mixed reality experiences and streaming 3D environments. In January 2023, the strategic management of Render was transitioned to the newly established Render Network Foundation, although OTOY and other partners like Swatchbook and MR Studios continue to support the project with engineering and development services.

Render operates by pairing computers (nodes) with available GPU power with creators who require rendering services. This matchmaking process is facilitated through the Render network, where creators submit jobs and pledge RNDR tokens based on the job's requirements. Render offers different pricing tiers, allowing creators to choose between cost and speed according to their needs. Jobs are assigned to node operators based on the creator's reputation and the node operator's reliability. Once a job is completed, it is returned to the creator for approval. It's important to note that while transactions on the Render Network are recorded on the blockchain, the actual job details and completion are handled off-chain.

In an effort to refine its token economics, the Render community voted in January 2023 to implement a burn and mint equilibrium (BME) mechanism. This system ensures that all Render jobs, priced in fiat, require creators to purchase RNDR tokens, with 95% of these tokens being burned and 5% allocated to the Render Network Foundation. The protocol then mints new tokens to compensate node operators for their contributions. This model positions RNDR as a commodity asset with a controlled supply, potentially leading to deflationary pressure depending on network usage.

The RNDR crypto token, originally an ERC-20 token on Ethereum, serves multiple purposes within the Render ecosystem. It is primarily used to facilitate payments for rendering jobs through the BME mechanism and enables token holders to participate in community governance via a DAO. With a theoretical maximum supply of approximately 644 million RNDR tokens, the introduction of the BME mechanism signals the community's intention to make RNDR deflationary over time. The current price of 1 RNDR in USD is $ 8.84.

Render stands out in the blockchain space by connecting individuals needing GPU power with those who have excess capacity, thereby facilitating a wide range of digital creation activities. Through its innovative use of blockchain technology, Render not only optimizes the utilization of GPU resources but also contributes to the broader development of the digital and mixed reality landscapes.

How To Buy Render Token or Add it to your Strategy

The fastest, most convenient way to purchase Render Token is to purchase it on ICONOMI. We check Render Token live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy Render Token by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Render Token is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy Render Token, we recommend you read the next section, as copying might be a better approach.

Add Render Token to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Render Token in their structure.

Posts

Here you can read and comment on all posts made by Strategists about Render Token RNDR. See all Render Token price predictions in real time and make the best use of their crypto knowledge.

Monthly Structure Change 2024-12

✅ Added $HBAR $CRO

❎ Removed $FET $RNDR

🔄 Rebalance Turnover 10.27%

2 people like this
StraightUpTrading
30 Nov, 2024

I’m very pleased with a 60% return over the past month. Our well-balanced portfolio, focusing on AI, RWA, GPU, Scaling, DeFi, and cloud solutions within the blockchain space, is paying off. We’re consistently outperforming many others with diversified portfolios 🚀🚀🚀 And this is just ahead of the Altcoin season kicking off. $NEAR $SUI $ONDO $RNDR $FET

5 people like this

3/11

Analysis of Future Trends in The Cryptocurrency Market.


🔵 Distributed Computing & Storage


🔹 Future Trends

Decentralized storage solutions like $FIL and $AR will compete with traditional cloud services.

Expansion of distributed computing networks for AI training, big data processing, and other high-compute tasks.

Data marketplaces powered by blockchain will rise.


🔥 Institutional Adoption

Startups and corporations are using decentralized storage for cost reduction and data redundancy.

Governments exploring secure data management systems, especially for public records.



🎯 We look at $RNDR ,$FIL ,$THETA ,$AR , $EGLD, $ANKR, $SC and $ELF which are listed on @ICONOMI , as competitors.

2 people like this

5/11

Analysis of Future Trends in The Cryptocurrency Market.


🔵 Data Management & AI


🔹 Future Trends

Blockchain will facilitate decentralized AI marketplaces and verifiable AI training datasets.

Secure data sharing across industries using blockchain as the trust layer.

Rise of projects combining AI and blockchain for predictive analytics in finance and healthcare.


🔥 Institutional Adoption

Companies like Google and Microsoft exploring blockchain for secure AI data feeds.

Healthcare institutions using blockchain to manage sensitive patient data.



🎯 We look at $LINK , $NEAR ,$ICP ,$RNDR $FET , $INJ , $GRT , $THETA and $ROSE which are listed on @ICONOMI , as competitors.

2 people like this

8/11

Analysis of Future Trends in The Cryptocurrency Market.


🔵 DePIN (Decentralized Physical Infrastructure Networks)


🔹 Future Trends

Expansion of decentralized infrastructure for energy grids, internet services, and storage networks.

Increase in crowd-funded physical infrastructure projects using tokenized models.


🔥 Institutional Adoption

Telecom and energy companies exploring decentralized networks to cut costs and improve resilience.

Startups building tokenized infrastructure solutions gaining interest from venture capital.



🎯 We look at $RNDR ,$FIL $THETA ,$AR $IOTA $EGLD $ANKR and $SC which are listed on @ICONOMI , as competitors.

2 people like this

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Render Token Price FAQ

What Is the Highest Price of Render Token (RNDR) in USD?

Render Token (RNDR) price history shows the highest value of 13.08 USD . We recorded this price on March 18, 2024, but we cannot exclude that a higher price was registered before December 31, 2021.

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